India Selects Fairfax as Buyer for 60.72% Stake in IDBI Bank
India's government selected a Fairfax Financial subsidiary to buy a 60.72% stake in IDBI Bank. The bid values the stake at approximately INR 528.78 billion (USD 5.6 billion), or INR 81 per share. The price represents a roughly 23% premium to IDBI Bank's book value as of June 30, 2026. Fairfax plans to contribute its Di